KV Pharmaceutical

Business
4:34 pm
Mon September 16, 2013

KV Emerges From Bankruptcy

Flickr

KV Pharmaceutical Company announced Monday that its reorganization plan is in effect, and it has emerged from bankruptcy.

Based in Bridgeton, the company filed for bankruptcy Aug. 4, 2012.

KV is primarily focused on women’s healthcare, but the company has had struggles in recent years.

That includes a failed lawsuit against the FDA, which refused to prevent competitors from selling a much lower cost version of Makena.

KV initially charged as much as $1,500 for a dose of Makena, which is meant to  reduce the risk of premature births.

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KV Pharmaceutical
4:28 pm
Thu March 10, 2011

Former KV Pharmaceutical CEO pleads guilty to misbranding drugs

(via Flickr/e-MagineArt.com)

The former chairman and CEO of St. Louis-based KV Pharmaceutical Co. has pleaded guilty to two federal charges of misbranding drugs.

The U.S. Attorney's office says that 69-year-old Marc S. Hermelin entered the pleas Thursday. He was sentenced to one month in prison and a $1 million fine and agreed to forfeit $900,000 to the federal government.

KV Pharmaceutical manufactured generic prescription drugs, including a pain relief and opiate drug called morphine sulfate.

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